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WFH is here to stay. If you look at which companies are mandating office returns it’s the large and old incumbents. The young companies and startups are investi
by ipnon 3y ago
WFH is here to stay. If you look at which companies are mandating office returns it’s the large and old incumbents. The young companies and startups are investing in remote and global workforces. In a few decades time these companies will replace the dinosaurs of today. There is reason to be optimistic about long term remote work.
- api 3y agoFor young companies offering WFH is one of numerous ways to be competitive in the job market with large old incumbents.
- Kareem71 3y agoCorrect take, Infact I would argue enforcing work in the office probably accelerates the current tech oligopoly guard in their transformation into IBM like businesses
- someone321 3y ago[dead]
- the_jeremy 3y agoI mean, their stock has tanked by >50% since IPO, so not sure about "just fine".
- adoxyz 3y agomost tech stocks have tanked compared to 2021 all time highs.
- geodel 3y agoWell, I heard they have also raised the service price > 50%. Maybe it will balance out. Specially with current deskilling movement in industry where every little service and tools have to be 3rd party SAAS, people may just be forced to use Github and the likes.
- CameronNemo 3y agoHas their revenue ranked as well? Are they bleeding customers? Has top talent left? Have they been forced to lay off large portions of their staff? Has their stock price dipped in relation to similar companies? Looking at the trend of one number seems quite simplistic.
- FredPret 3y agoLook at their fundamentals - it's not as simple as that. They've been going deeper into the red, but revenue is growing a lot. They're also not that highly leveraged - $771m in equity out of $1200m in total assets. [0] [0] valustox.com/GTLB
- bitcoinmoney 3y agoSo you think RTO will make their stock perform better? It’s a remote only company from the beginning.
- someone321 3y ago[dead]
- the_jeremy 3y agoWould you prefer "loses over $100m a year, and has yet to make a profit" instead?
- scruple 3y agoI really hope so. I also hope that we have better tools for remote collaboration in the future. IMO (I've worked remotely for well over a decade) the current stack of Zoom/Teams/Slack/Meet/Whatever are also dinosaurs that need to go extinct.